Griffin Capital Development Partners Fund III, L.P.

The absence of prior EDGAR filings from Griffin Capital Development Partners despite operating a Fund III reveals either a newly-formed entity, a recent transition of management structure, or prior operation below the 06c exemption threshold; the four named GPs and 06c structure now signal this vehicle is positioned to scale beyond that prior operating model.

A mid-2026 filing for a development-focused vehicle entering a market cycle where interest rates remain elevated and construction costs are stabilizing suggests the GP is targeting allocators who have capital ready for longer-hold, real-asset plays after 2024–2025 denominator effects created dry powder.

Verify whether this amendment reflects only minor terms updates or a material change in carry, GP commitment, or LP consent rights—and confirm whether Kevin Shields and Nick Rosenthal hold equal or tiered roles, as the GP agreement will determine decision rights and any key-person triggers that affect fund operations if either departs.